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Showing posts from August, 2022

In the second quarter, global commercial property investment fell by 57%.

Coronavirus will have a significant impact on the global commercial investment industry in 2020. According to a new analysis from CBRE, considerably lower commercial real estate investment volumes in the second quarter of 2020 reflect the effects of the COVID-19 crisis lockdown measures and border controls. The amount of global investment plummeted by 57% year on year to $109 billion, the lowest quarterly sum since 2010 . doha house The Americas region was the hardest hit, with a 70% drop year over year due to fewer large portfolio transactions and the absence of entity-level transactions. Investor sentiment was impacted by uncertainties and restrictions in EMEA and APAC, which saw total volume decrease by 38 percent and 46 percent, respectively. The strength of the first quarter resulted in a 21 percent drop in H1 2020 investment volume. As countries reopen their economy and corporate activity restarts, Q2 may have reached the low point. Beginning in H2 2020, investors expec...

Cambodia is ranked first on a global list of the top five places for American expats to retire in 2017.

According to the editors of InternationalLiving.com, American retirees concerned about living comfortably on a limited budget need have no fear: they've located the five most affordable havens on the planet where expats may change their lifestyle while spending as little as $1,500 a month. Most Americans are not well prepared for retirement, according to recent studies: they haven't saved enough, they'll likely outlive their savings, and they're being told to work longer, spend less, and lower their expectations for their retirement lifestyle.  housing "Go to the right destinations overseas, and retirees can really increase their quality of life while spending less," said Jennifer Stevens, Executive Editor of International Living. The top five countries in this year's Index in the "Cost of Living" category, which provide the most reasonable cost of living for seniors, are: Vietnam is number five. Vietnam has been a famous tourist and ex...

For $400 million, an Israeli real estate tycoon sells a diamond mine to Chinese investors.

According to Russia's "Kommersant" daily, Israeli real estate mogul Lev Leviev has sold his 18 percent ownership in Angola's Catoca diamond mine to China's Sonangol International for $400 million. Leviev bought his stake in the mine for $20 million in the 1990s, according to Globes, an Israeli business news publication.  qatar properties for sale Alrosa, Russia's state-owned diamond company, owns 32.8 percent of Catoca. According to the Globes, Alrosa CEO Fyodor Andreyev has informed Russia's Finance Minister Alexei Kudrin about the transaction. The transaction is expected to close in June. According to Globes, Sonangol will become the first Chinese corporation to acquire a portion of a diamond mine when the deal is completed. According to Globes, Catoca made $527 million in revenue from raw diamonds in 2010 and a net profit of $111 million. Leviev is an international investor in residential real estate, shopping malls, energy, fashion, telecommu...

The Impact of the US Federal Reserve's Rate Hike on Asia's Property Markets has Been Revealed.

For the first time since 2006, the Federal Open Market Committee (FOMC) lifted interest rates in the United States this week. The 25-basis-point (bps) rise in the target federal funds rate was widely anticipated, so interest rates and real estate markets in Asia Pacific and the rest of the world should not be affected abruptly.  property qatar   The effect on property yields should be counterbalanced by the various rate cycles in which markets in Asia Pacific currently find themselves. There will be a gradual upward resetting of return expectations, which may be more tempered in the short term due to the anticipated move. However, if prices increase higher in the future, everything will work out. Markets with a bleak outlook for rental growth or contracting rents may be more vulnerable to yield softening as interest rates rise. In 2017 and beyond, yield expansion is more likely.   The Fed's rate hike this week, according to Dr. Henry Chin, Head of Research for CBR...

Predictions for the UK Office Market in 2016 have been revealed.

The commercial property sector in the United Kingdom should expect any improvements in 2016. That is according to Knight Frank's Chief Economist, James Roberts.  buy property in qatar In 2016, Mr. Roberts expects the following commercial business patterns in the United Kingdom:   Bank debt is more readily available. The Eurozone is already implementing quantitative easing, which we expect to continue well into 2016. The UK, on the other hand, will raise rates next year, and the financial markets will price it in ahead of time. This might lead to a carry trade, in which UK banks with excess cash from the Eurozone pursue higher interest rates. As a result, bank origination teams will be under pressure to put the new money to work. We assume that if lending is increased, UK commercial property would benefit from the increasing evidence of rental growth.   A change in the nationality of the average buyer Overseas investors have made unprecedented purchases of co...

For many Asian real estate markets, 2016 will be a year of uncertainty.

BDO, a global accountancy firm, predicts that 2016 will be a year of volatility for the Asian real estate industry, with rising interest rates in the United States and China's economic downturn stifling the gains made in 2015.  Properties for sale in Doha "2016 will be a year of volatility for the Asian Real Estate industry, with US interest rates and China's economic downturn rocking the positive foundations laid in 2015," says Solly Benaim, BDO's Global Head of Real Estate. However, some doors to opportunity will remain open, especially in non-traditional assets. In 2016, local awareness and a thorough understanding of each market's sector will be critical to unlocking development. "The Federal Reserve's rise in interest rates is at the top of the watch list," Benaim added, "but the strengthening of the dollar isn't necessarily a negative thing for the real estate market." When interest rates in the United States were at nil, ...

The Cayman Islands are home to the world's super-rich.

Li Ka-shing, Hong Kong's richest man for the past seventeen years with a rumored personal fortune of $33 billion, shocked analysts by announcing the restructuring of his massive business empire at the start of 2015. His plans call for his two firms, Cheung Kong Holdings and Hutchinson Whampoa, to merge all non-property properties.  qatar real estate Ports, retail, oil, infrastructure, land, and mobile networks are all part of Hutchison Whampoa's portfolio. Li also manages a real estate portfolio that includes residential and commercial properties, as well as hotels and industrial space, through Cheung Kong Holdings, his publicly traded investment firm.   They'll continue to do business in Hong Kong, so they'll now be incorporated in the Cayman Islands. According to analysts, moving the majority of his vast wealth from Hong Kong to the little-known Caribbean tax haven would increase transparency, and shares in Li's companies instantly increased by 14% after t...

Owner-occupied luxury properties worth $3 trillion are owned by the world's ultra-wealthy.

According to a recent study by Wealth-X and Sotheby's International Realty, owner-occupied residential properties hold nearly US$3 trillion in private wealth, which is more than India's GDP. There are 211,275 ultra-high net worth (UHNW) individuals in the world, identified as those with net assets of $30 million or more, and 79 percent of them own two or more homes.  real estate qatar New York City, London, and Hong Kong are among the most popular destinations for luxury residential real estate, but niche locations such as Lugano, the Hamptons outside of New York City, and rural areas around the world are also growing in popularity. According to the Wealth-X and Sotheby's International Realty Global Luxury Residential Real Estate Report, the ongoing shift in the wealth creation cycle from the West to the East, as well as the growing importance of intergenerational wealth transfers, would have significant implications on the luxury residential real estate market, with ...

Four years of double-digit NOI growth for Caribbean hotels.

Caribbean hotels are continuing their run of double-digit net operating income (NOI) growth, according to the 2015 edition of Trends in the Caribbean Hotel Industry by PKF Consulting, a CBRE Company. The average Caribbean hotel saw a 17.3 percent rise in NOI in 2014, marking the fourth year in a row that NOI has increased by double digits in the Caribbean.  qatar property Revenues and expenses at the hotel The Caribbean hotel industry is made up of a large number of exclusive resort properties in different destinations, which allows for a range of facilities and amenities to be offered. Room sales continue to be the most important source of revenue for Caribbean hotels (57.6% of total revenue in 2014). Room sales increased 7.4% last year at hotels in the Trends survey sample, owing to a 5.1 percent rise in average daily rate (ADR). "Hotels in the Caribbean with an ADR of more than US$300 were able to increase their prices without affecting occupancy in 2014. The types of t...